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of <h1>Companies Must Transfer Eligible Shares to IEPF by May 31, 2017; NSDL to Manage Special Demat Account Procedures.</h1> The circular from the Ministry of Corporate Affairs mandates the transfer of shares to the Investor Education and Protection Fund (IEPF) Authority by May 31, 2017, for shares that have completed a seven-year period by that date. A special demat account will be established with National Securities Depository Limited (NSDL) to facilitate this transfer. Companies must transfer shares to this account via corporate action and provide shareholder information in a specified format. NSDL will outline the file formats and procedures by April 30 and May 15, 2017, and will charge transaction and annual maintenance fees for managing these records.
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